BinanceGold

$PAXG /USDT – Gold-Backed Token Near Resistance
Current Price: $3,233 (+2.41%)
🥇💰

$PAXG , a gold-backed stable asset, is showing moderate strength, trading just above the short-term MA(7), while MA(25) is slightly higher. It’s nearing the recent high of $3,261, which is a key resistance level.

Potential Trade Setup (Swing Long):

Entry Zone: $3,220 – $3,235

TP1: $3,260

TP2: $3,285

SL: $3,200

24h Volume on PAXG (6.6K) is modest — consider low-volatility moves

$3,261 is the resistance to break for continuation

Pro Tip: Gold-tied tokens like PAXG often mirror gold spot market trends — monitor global news impacting gold prices for extra edge.

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Gold Prices Tumble: Gold has dropped sharply from recent highs, marking the biggest weekly decline in over two months, as investor sentiment shifts.

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